Meh, it's been my experience not to use stops on this pair. It's intraday volatility is outrageous. I was constantly getting hit by short-term spikes in the price. I would not however short at these historical low levels, without a stop at that.
^ Yes, I'm fully aware that my previous statement is contradictory. But hey, I gotta do what works for me.
Don't mean to mess with your head, but "no stops" only has to not work once, if you know what I mean. Hope you have a mental number in mind.
Well, guys - 1.1360 is not a good price either going short or long. So it much depends on where you SL & TP is...good luck. News move the price, the trend directs it. On a short term basis it's a casino